Chief Economic Adviser V Anantha Nageswaran said urban demand may be stronger than reflected in official data, citing UPI growth and SME spending. He projected FY26 growth at 6.3–6.8 per cent and emphasised the need for innovation to sustain exports
Textile, leather, gems, and jewellery stocks fell in Thursday morning trade after the US imposed a steep 50% tariff on Indian goods from August 27, impacting exports worth over USD 48 billion. Broader markets also declined sharply in response
For the first time, smartphones have become India’s top export in FY25, overtaking traditional leaders like petroleum products and diamonds. The shift signals a major transformation driven by domestic manufacturing push and global demand for India-assembled mobile device
